Advent Christian Village

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/1/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

ACV is a senior living community offering independent living, assisted living, skilled nursing care, home health, and rehab -- a full continuum of care in a beautiful setting. Along with serving senior adults, included in ACV's mission is a heart for families with special needs, and children. Advent Christian Village provides a variety of services, including help for grandparents raising their grandchildren, retreats for foster children, and leadership training, which helps develop high school juniors and seniors into strong leaders with integrity and confidence. Additionally, a licensed marriage and family therapist offers counseling to the Village community and beyond. ACV remains committed to meeting the needs of senior adults, families with special needs, and children.

Through the Benevolent Fund, each month approximately 300 Advent Christian Village members with limited resources are given assistance with the cost of basic necessities. They are also able to benefit from the full continuum of care available at ACV.


Contact information

Mailing address:
Advent Christian Village
PO Box 4305
Live Oak, FL 32064

Website: acvillage.net

Phone: 1-800-647-3353

Email: acv@acvillage.net


Organization details

EIN: 590751905

CEO/President: Craig A. Carter

Chairman:

Board size: 0

Founder:

Year founded: 1949

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Through the years, we have been a leader in developing innovative solutions for retirement living and healthcare. Today, we remain dedicated to providing quality, comprehensive services with compassion. We offer a strong spirit of community where residents care for one another and independence is encouraged to live life fully, every day.


Mission statement

The mission of Advent Christian Village is to express Christ's love by providing compassionate care and quality comprehensive services for senior adults, families with special needs, and children in a secure, supportive residential setting and in the surrounding communities.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating680 of 85732 of 42
Fund acquisition rating418 of 85720 of 42
Resource allocation rating641 of 85732 of 42
Asset utilization rating694 of 85731 of 42

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%14%16%27%29%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
83%6%6%3%4%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
17%94%94%97%96%91%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%75%76%74%75%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%99%100%104%107%100%
Program output ratio Program output ratio =
Program services /
Total revenue
79%75%76%78%80%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%1%0%-4%-7%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%0%0%-3%-5%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%24%23%25%24%24%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.830.560.570.550.550.52
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.702.432.312.412.412.26
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.991.351.311.321.321.18
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.846.547.648.248.169.55
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.150.130.120.120.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.807.527.947.987.999.12
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%21%23%24%23%22%
Debt ratio Debt ratio =
Debt /
Total assets
1%13%15%16%14%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
85%142%135%138%141%149%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$28,564($21,719)$254,235$0$135,532
Receivables, inventories, prepaids$5,841,698$4,636,652$4,352,567$4,515,518$4,205,645
Short-term investments$13,308,885$14,148,055$13,449,520$13,161,067$15,568,292
Other current assets$0$0$0$0$0
Total current assets$19,179,147$18,762,988$18,056,322$17,676,585$19,909,469
Long-term investments$2,251,846$1,793,837$1,856,155$1,844,489$2,288,789
Fixed assets$19,546,034$20,269,151$20,942,628$20,216,774$19,866,137
Other long-term assets$5,636,991$2,429,390$2,601,755$2,816,402$2,847,331
Total long-term assets$27,434,871$24,492,378$25,400,538$24,877,665$25,002,257
Total assets$46,614,018$43,255,366$43,456,860$42,554,250$44,911,726
 
Liabilities20192018201720162015
Payables and accrued expenses$2,629,011$2,314,141$2,142,972$2,123,336$2,052,527
Other current liabilities$303,621$141,919$49,655$41,637$33,092
Total current liabilities$2,932,632$2,456,060$2,192,627$2,164,973$2,085,619
Debt$5,837,880$6,398,934$7,117,114$6,132,390$6,397,835
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,041,953$1,007,811$1,221,260$1,321,164$1,447,124
Total long-term liabilities$6,879,833$7,406,745$8,338,374$7,453,554$7,844,959
Total liabilities$9,812,465$9,862,805$10,531,001$9,618,527$9,930,578
 
Net assets20192018201720162015
Unrestricted$28,187,497$28,601,502$28,533,054$28,838,567$30,747,312
Temporarily restricted$8,614,056$1,413,046$1,241,814$1,211,489$1,307,947
Permanently restricted$0$3,378,013$3,150,991$2,885,667$2,925,889
Net assets$36,801,553$33,392,561$32,925,859$32,935,723$34,981,148
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,597,975$1,381,204$762,112$882,227$2,069,698
Program service revenue$24,031,276$22,466,112$21,491,617$20,496,482$20,639,724
Membership dues$0$0$0$0$0
Investment income$442,365$867,860$578,794$425,334$794,626
Other revenue$0$0$0$0$0
Total other revenue$24,473,641$23,333,972$22,070,411$20,921,816$21,434,350
Total revenue$26,071,616$24,715,176$22,832,523$21,804,043$23,504,048
 
Expenses20192018201720162015
Program services$19,478,103$18,676,195$17,748,491$17,425,727$17,490,255
Management and general$6,223,848$5,755,926$5,890,107$5,631,566$5,687,764
Fundraising$219,827$218,022$207,134$253,373$262,927
Total expenses$25,921,778$24,650,143$23,845,732$23,310,666$23,440,946
 
Change in net assets20192018201720162015
Surplus (deficit)$149,838$65,033($1,013,209)($1,506,623)$63,102
Other changes in net assets$0$0$0$0$0
Total change in net assets$149,838$65,033($1,013,209)($1,506,623)$63,102

Compensation

NameTitleCompensation
Johnny NicelyPharmacist$159,984
Craig CarterPresidentceo$156,809
Keri HilliardVice President$132,936
James A SchenckVice President$128,679
Steven HettVice Presidentcfo$128,060

Compensation data as of: 6/30/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/1/2021. To update the information below, please email: info@ministrywatch.com


History

Dowling Park was the fastest growing town in Florida in the early 1900s. It was built by affluent businessman Thomas Dowling who owned a lumber mill here. Dowling donated a parcel of the land to the Advent Christian denomination, and in 1913, Advent Christian Village was founded as a home for orphaned children and retired ministers and missionaries. Through the decades, the community developed and grew, adapting its methods to keep pace with the needs of a changing society. Yet it has remained true its mission, which is "to express Christ's love by providing compassionate care and quality comprehensive services" to those it serves. Today, Advent Christian Village (ACV) is a thriving community of nearly 800 members and 500 employees.

The 1,200-acre campus offers scenic landscapes along the Suwannee River within a hometown atmosphere. At ACV, neighbors care about each other. This unique community is enriched by members of all backgrounds, faiths and economic abilities. No entrance fees and reasonable rates make it a viable option for virtually anyone. Along with a full continuum of care, including independent living, assisted living and acclaimed skilled nursing care, ACV offers a range of rental options and even home ownership. Members may choose from an array of services, paying only for the ones they use. It is one of only 15% of communities accredited by CARF-CCAC, the nation's sole accreditor of retirement communities. This self-contained village has the benets of a city, complete with a wellness center, quality medical clinic, dining choices, pharmacy, grocery store and market center. There is plenty to do, with engaging activities and a variety of volunteer opportunities with nearly 40,000 volunteer hours performed annually.


Program accomplishments


Needs